Publications

GE Asset Management, manager of General Electric Company’s U.S. pension and benefit plans

Fiduciary Management Associates, LLC, a small- and mid-cap value equity money manager with $1.7 billion AUM

SMITH HAYES Companies, a financial services holding company with approx. $4 billion AUM and AUA that provides asset management services to institutions, wealth management services to individuals, and retirement planning and investment banking services to both municipal and corporate clients

Bradford & Marzec LLC, an investment advisor that manages long-only domestic and global fixed income portfolios for institutional and high net worth individuals

Incapital LLC’s Unit Investment Trust platform

Rainier High Yield Fund, a U.S.-based investment manager offering equity and fixed income strategies

Emerging Global Advisors, a registered investment advisor based in New York with $892 million AUM

Transamerica Financial Advisors, Inc., a Baltimore-based provider of life insurance, savings and retirement and investment solutions

Resource America, an asset management company specializing in real estate and credit investments, with $22.4 billion AUM

The Fund’s investment objectives are to provide a high level of current income exempt from regular federal income tax and to return $9.85 per share to Common Shareholders on or about March 1, 2021. The Fund’s subadviser seeks to identify relative value in the market and select municipal securities across diverse sectors that are underrated or undervalued. In seeking to return the target amount on or about the Termination Date, the Fund intends to utilize various portfolio and cash flow management techniques, including setting aside a portion of its net investment income, possibly retaining gains and limiting the longest maturity of any holding to no later than September 1, 2021. As a result, the average maturity of the Fund’s holdings is generally expected to shorten as the Fund approaches its Termination Date, which may reduce interest rate risk over time.

Morgan Stanley, Bank of America Merrill Lynch, Wells Fargo Securities and Nuveen Securities

The Trust’s investment objectives are high current income and to return $9.85 per share per common share of beneficial interest, before deducting offering costs of $0.02 per Common Share, to holders of Common Shares on or about July 1, 2021. The Trust seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its Managed Assets in corporate debt obligations and separately at least 80% of its Managed Assets in corporate debt obligations that, at the time of investment, are rated below investment grade (BB+ or lower) or are unrated but deemed equivalent by the Adviser. The Trust intends to utilize a limited duration strategy, which declines over time and is less sensitive to high yield interest rate risk than longer duration funds. The average maturity of the Trust’s holdings is generally expected to shorten as the Trust approaches its Termination Date, which may reduce interest rate risk over time but which may also reduce amounts otherwise available for distribution to Common Shareholders.

Wells Fargo Securities, RBC Capital Markets and UBS Investment Bank